Stella Dimoko Korkus.com: Nigerias Finance Minister Edun Says Govt Was Losing N400bn Monthly To Fuel Subsidy

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Sunday, February 25, 2024

Nigerias Finance Minister Edun Says Govt Was Losing N400bn Monthly To Fuel Subsidy

Wale Edun, Nigerias Minister of Finance and Coordinating Minister of the Economy,   says fuel subsidy was costing the Federal Government N400 billion monthly.

Edun revealed this in an interview on Channels Television 
“In terms of the government’s finances, they have been revamped and repaired.

“And it is not just the fact that there has been the removal of the petroleum subsidy which was costing N400 billion every month to the government at its height,” the minister said.

8 comments:

  1. This is confusing. Does this mean N400bn monthly before OR after emilokan?

    ReplyDelete
  2. So now that they are not loosing the 400bn to fuel subsidy, what are they doing with the money?🙄🙄🙄

    ReplyDelete
    Replies
    1. They are losing it to politicians accounts. Greedy heartless lot!

      Delete
  3. Is the government not still paying the subsidy? Why put Nigerians through these kind of stress ontop their own resources. We must get the economics of the Nigerian strategy to drive production and development right! Not just giving dullards and laggards positions; that they don't even understand. Olayemi Cardoso does know jack about monetary matters. He is not an economist and he is not learned in global treasury management and markets.

    ReplyDelete
    Replies
    1. Kept wondering why He was given the position as CBN Governor.

      Delete
  4. Economics is so crafty

    ReplyDelete

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